Aave Labs Acquires Avon

Aave Labs announced the acquisition of Avon, a team specializing in fixed-rate and floating-rate lending protocols and onchain order books. As part of the agreement, Avon founder Prince Sinha and Ayush Kaul are joining Aave Labs' engineering team, and Omar el-Ashaal is joining business development. Aave Labs stated that the acquisition will bring new capabilities like fixed-rate lending to its onchain network. Open article →